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bitcoin
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ethereum
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tether
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    HomeCrypto Finance

    Bitcoin charges skyrocket on spot BTC ETF hype

    Crypto Finance
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    By admin
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    Latest News

    The prospect of a spot (BTC) exchange-traded fund (ETF) being authorised quickly in the US has elevated demand for the most important cryptocurrency, resulting in a surge in transaction charges.

    The Bitcoin blockchain reached $11.6 million in charges paid on Nov. 16, in line with statistics from CryptoFees. On the time of writing, YCharts information reveals that the typical transaction price is $18.69, up 113% from the day prior to this and 746% from a 12 months in the past.

    Bitcoin transaction charges between January 2023 and November 2023. Supply: CryptoFees

    Proceed Studying on Cointelegraph

    See also  BTC Takes Benefit of the March Insanity within the Banking Sector
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